IWG proposes permanent body for SWFs

From Gulfnews.com: Sovereign wealth funds (SWFs), which have become major investment vehicles in the global economy over the past few years, will study the creation of a permanent international body.

The International Working Group of Sovereign Wealth Funds (IWG) yesterday presented the Santiago Principles to the International Monetary Fund’s (IMF) policy-guiding International Monetary and Fin-ancial Committee (IMFC), which met in Washington to consult on global econ-omic developments and to take stock of the working group’s efforts….. Full Article: Source